15. restructuring

The Company has undertaken a number of initiatives that have resulted in severance, restructuring, and related charges. Restructuring liabilities are included in accrued liabilities on the consolidated balance sheet. A summary of charges by initiative is as follows (in thousands):

2026 Restructuring Initiatives

The Company continues to focus its efforts to reduce cost and improve productivity across businesses, particularly through headcount reductions, facility closures, and consolidations. Restructuring expenses primarily related to headcount reductions and other cost saving initiatives. During fiscal year 2026, we also incurred restructuring expenses related to third party assistance with analysis and implementation of these activities, write off of leases and other equipment, and relocation expenses.

Prior Year Restructuring Initiatives

The Company continues to focus its efforts to reduce cost and improve productivity across our businesses, particularly through headcount reductions, facility closures, and consolidations. During fiscal years 2025 and 2024, the Company also incurred restructuring expenses related to headcount reductions, facility rationalization and third party assistance with analysis and implementation of these activities.

The Company expects to incur additional restructuring costs of approximately $1.7 million in fiscal year 2027 as the Company continues to focus its efforts to reduce cost and improve productivity across its businesses, particularly through facility closures and consolidations.

Activity in the reserves related to prior year restructuring initiatives is as follows (in thousands):

Activity in the reserves in fiscal year 2025 (in thousands):

The Company’s total restructuring expenses by segment are as follows (in thousands):